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Weekly Tea Market Report

WEEKLY TEA MARKET REPORT - SALE NO: 50 - 17TH/ 18TH DECEMBER 2018

The 50th and final sale of the year, which concluded on 18th December 2018 had on offer a total of 6.7 M/kgs. Leafy Low Grown types continued to meet with good demand and sold at firm to dearer rates, whilst the High & Mid Grown Small Leaf teas witnessed a bearish sentiment.

Best Western BOP's declined Rs. 20-30/- per kg. Corresponding BOPF's too declined by a similar margin, except for a small selection of teas that were firm and appreciated Rs. 20/- per kg following special inquiry. In the Below Best category, selection of bright BOP's were irregularly dearer, whilst others were firm and tended easier. Corresponding BOPF declined Rs. 20-30/- per kg and more. At the lower end, clean leaf BOP's were Rs. 10-20/- per kg dearer. Poorer sorts lower by a similar margin. Corresponding BOPF brighter sorts gained Rs. 10-20/- per kg, whilst plainer sorts were lower by a similar margin. Nuwara Eliya - BOP's neglected. BOPF up to Rs. 20/- per kg lower. Udapussellawas irregular and barely steady following quality. Uva BOP/BOPF Rs. 20/- per kg lower, in general. High & Mid Grown CTC's were lower all around by Rs. 20/- per kg and more for select high priced teas of last week. The corresponding Low Grown varieties were generally firm.

Low growns totalling 2.9 M/kgs in the Leafy/Tippy catalogues came up for sale this week. There was good demand, particularly for the well made teas. In the Leafy catalogue, better BOP1/OP1's were fully firm to dearer. Others were barely steady. Better PEK/PEK1's too were fully firm to dearer. Others though irregular were firm. A selection of OP/OPA's maintained, whilst balance were easier, with the poorer sorts declining substantially. In the Tippy catalogue, better FBOP/FF1's together with the cleaner secondaries were firm to dearer. Others were lower to last. In the Premium catalogue, well made teas together with a selection of improved below best were fully firm. There was good demand from shippers to Turkey, Dubai, Saudi Arabia and CIS.